Monday, November 26, 2012

Republicans About to Cave on Taxes

On Sunday, multiple high-ranking Republicans announced that they were willing to raise taxes as part of a deal to avoid the “fiscal cliff,” breaking the pledges they had made to Grover Norquist’s Americans for Tax Reform, reports Breitbart.

On ABC’s This Week with George Stephanopoulos Senator Lindsay Graham (R-SC) said:

I agree with Grover, we shouldn’t raise rates, but I think Grover is wrong when it comes to we can’t cap deductions and buy down debt. What do you do with the money? I want to buy down debt and cut rates to create jobs, but I will violate the pledge, long story short, for the good of the country, only if Democrats will do entitlement reform.

That's actually for the good of the government, not the country. The country would be much better off with lower taxes and lower spending.

Graham wasn’t the only Republican to backtrack on his pledge not to raise taxes today. Rep. Peter King (R-NY) said he’d vote, too, to cap deductions on NBC’s Meet the Press. “I agree entirely with Saxby Chambliss. A pledge you signed 20 years ago, 18 years ago, is for that Congress,” King stated. “The world has changed and the economic situation is different.”

Of course they are going to cave, was there any doubt that they are nothing more than the scarred up version of the same Democratic coin?

Look the US is fucked, if anyone can not accept this, then I do not know what to say. The evidence is plainly visible, there are bankers everywhere doling out their Fiat lie that people simply refuse to understand fully for some strange reason. If you take their paper, you are forever indebted to them. They will get their payment from you one way or another. If you look around, everyone everywhere has been taking their paper BS since the 70's willingly.

David, I totally understand your pessimism but the citizens of the US are only "f___'d" if they let believe they are. There is an entire world of opportunity out there to do something positive. It is not easy or glamorous but it beats the alternative.